Europe’s first B2B electric vehicle renting platform has closed a financing round led by Kibo Ventures, in which other venture capital funds such as Big Sur Ventures and JME Ventures have also participated. These funds successfully invested in early stage companies such as Job & Talent, Paack or Tier.
They trust us
Since its founding in 2021 by Francisco Acosta, Andrés Soler and Mariano Galán, PandaGo aims to help create sustainable cities by making it easy for companies to adopt sustainable and electric mobility solutions for their business and employees.
PandaGo integrates a marketplace with the widest catalog of electric vehicles in flexible renting schemes, along with a self-developed software platform (SaaS) that makes it very easy to operate multi-vehicle or multi-vendor fleets, and a layer of services that allows companies to hire their fleet as a turnkey managed service.
Thanks to its software platform
PandaGo integrates a marketplace with the widest catalog of electric vehicles in flexible renting schemes, along with a self-developed software platform (SaaS) that makes it very easy to operate multi-vehicle or multi-vendor fleets, and a layer of services that allows companies to hire their fleet as a turnkey managed service.
With little more than a year of operation, it has gained the trust of more than 80 customers in 30 cities, exceeding 1,000 contracted vehicles and has avoided the emission of more than 1,500 tons of CO2 per year.
"Companies can have the greatest impact on creating sustainable cities. And they are ready to meet this challenge, but find it complex to find, hire and manage fleets of electric vehicles. Our platform solves problems such as the complexity of managing multiple leasing providers, the limited supply of electric vehicles, or the day-to-day operation of large fleets including incident and accident management."
PandaGo currently operates in Spain but plans to expand its brand into France and Italy in the coming months. The funds will be used to hire top-tier talent, implement new platform developments aimed at improving the customer experience, and strategically invest in marketing and sales to help thousands of companies easily electrify their fleet.
